Open USD (OUSD) Alliance Sparks Controversy After Announcing Members; Samsung, Dunamu, and Other Korean Companies Claim No Formal Consultation

Open Standard announced the launch of the USD stablecoin Open USD (OUSD) and plans to go live within the year, stating that over 140 financial and payment-related institutions are participating, including Visa, Mastercard, BlackRock, Samsung Electronics, Dunamu, Hanwha, and others. However, several South Korean companies stated that they had not previously conducted formal negotiations with the issuer; some institutions only responded that they could evaluate after the project matures, but were subsequently listed as alliance members.